1. GETTING REAL.
- Author
-
Da Fonseca, Roberto Giannetti
- Subjects
- *
MONEY , *RENMINBI , *DEINDUSTRIALIZATION , *ECONOMICS - Abstract
The article discusses the issue regarding China's manipulation of its currency, the yuan. According to the author, currency manipulation by China may result in the de-industrialization of several economies. Although the International Monetary Fund (IMF) has clear rules against currency manipulation, it does not have the enforcement power, while the World Trade Organization (WTO), who has the power to enforce its agreements, does not specifically regulate currency manipulation.
- Published
- 2011